Wednesday, August 26, 2020

BANKING

“If this extension is not permitted, all GML contracts would be crystalized and, thus, converted to the higher interest bearing Working Capital Limits, which attract an interest rate of 12-14% per annum (Interest on GML is 3-4%),” said Surendra Mehta, national secretary of IBJA.

from Banking/Finance-Industry-Economic Times https://ift.tt/3ltVwAO
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